Welcome
Insuropedia is a free, international, knowledge base.
If you have an interest in insurance and its applications you are invited to participate.
Everyone can join!
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An Insurance Policy is a contract between an Insured and Insurer. The Insurance Policy is necessarily based on the written word and herein lays the problem. The written word is subjective. The intention of the person writing the contract may differ from the interpretation of the reader.
An Insurance Policy is a contract for the transfer of Risk. An Insured pays an Insurance Premium and the Insurer accepts the Risk. If an insurable event occurs the Insurance Policy is activated, an Insured makes an Insurance Claim and an Insurer pays the Insurance Claim in accordance with the Basis of Settlement written in the Insurance Policy.
This financial interest often influences and exaggerates the difference between intention and interpretation. The result is often confusion, dispute and dissatisfaction.
Knowledge brings clarity.
The aim of Insuropedia is to clarify the written word, minimise the disparity between intention & interpretation and encourage uniformity in the application of Insurance Policies.
Thousands of insurance transactions occur every day. They provide a valuable resource both for the transfer of Risk and the payment of Insurance Claims.
Whether you are an Insured, Risk Manager, Insurance Broker, Claim Consultant, Insurer, Loss Adjuster or Service Provider your contribution to build an international knowledge base on Insurance and its applications is invited. Post a topical insurance issue, publish papers you have delivered at conferences or seminars, dust off and republish old articles you have written or write new ones to help solve insurance problems...... Get Started.
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